Addtech AB

Interim / Quarterly Report • Jul 15, 2025

INTERIM REPORT 1 APRIL - 30 JUNE 2025

FIRST QUARTER (1 APRIL - 30 JUNE 2025)

• Net sales increased by 7 percent and amounted to SEK 5,839 million (5,438).
• Operating profit before amortisation of intangible non-current assets (EBITA) increased by 11 percent and amounted to SEK 922 million (831) corresponding to an EBITA margin of 15.8 percent (15.3).
• Operating profit increased by 10 percent and amounted to SEK 786 million (713) corresponding to an operating margin of 13.5 percent (13.1).
• Profit after tax increased by 13 percent and amounted to SEK 562 million (495) and earnings per share before/after dilution amounted to SEK 2.00 (1.80). For the latest twelve month period earnings per share before/after dilution amounted to SEK 7.20 (6.45).
• Return on working capital (P/WC) amounted to 77 percent (71).
• Return on equity amounted to 29 percent (28) and the equity ratio amounted to 41 percent (39).
• Cash flow from operating activities amounted to SEK 477 million (602). For the latest twelve month period, cash flow per share from operating activities amounted to SEK 9.60 (9.75).
• Since the start of the financial year, two acquisitions have been completed, with total annual sales of about SEK 330 million.

Group Summary	3 months			Rolling 12 months
SEKm	30 Jun 2025	30 Jun 2024	∆	30 Jun 2025	31 Mar 2025
Net sales	5,839	5,438	7%	22,197	21,796
EBITA	922	831	11%	3,356	3,265
EBITA-margin %	15.8	15.3		15.1	15.0
Profit after financial items	728	644	13%	2,599	2,515
Profit for the period	562	495	13%	2,007	1,940
Earnings per share before dilution, SEK	2.00	1.80		7.20	7.00
Earnings per share after dilution, SEK	2.00	1.80		7.20	7.00
Cash flow from operating activities per
share, SEK	-	-		9.60	10.05
Return on equity, %	29	28		29	29
Equity ratio, %	41	39		41	38

Comparisons in parentheses refer to the corresponding period of the previous year, unless stated otherwise.

CEO´S COMMENTS

FIRST QUARTER - CONTINUED GROWTH AND STRENGTHENED PROFITABILITY

We started the financial year with a high level of activity and continued profitable growth. With clear variations between different parts of the operations, sales grew by 7 percent, of which 1 percent was organic. Exchange rate fluctuations had a negative impact of 4 percent on net sales. EBITA increased by 11 percent to SEK 922 million (831), corresponding to a stronger margin of 15.8 percent (15.3). P/WC rose to 77 percent (71) and we welcomed two new companies with strong positions in attractive niches to the Group. Overall, a good first quarter where our well-diversified operations and attractive business model continue to show strength.

MARKET TREND

For the Group as a whole, the market situation was favourable during the quarter. The market for infrastructure products for national and regional networks and products and solutions for defence customers had the strongest overall growth. Demand in the medical technology, electronics, mechanical- and process industry segments varied between different parts of the operations but remained stable overall. The market situation in the sawmill industry remained weak, although order intake increased slightly during the quarter. The market for specialised vehicles developed positively during the period, while companies exposed to data and telecom and building and installation, with the exception of data halls, continued to experience challenging business conditions.

From a geographical perspective, the market situation was good in Norway and Denmark, somewhat weaker in Sweden and in Finland, where we saw some improvement compared to the fourth quarter. In our principal markets outside the Nordic region, the business situation was weak in the DACH and Benelux regions, while it was generally stable in other countries.

ACQUISITIONS

We continue to deliver on our strategy to use our own cash flow to acquire well-run companies with superior value generation. Two companies, AMP Power Protection in the UK and Novatech in Canada, were acquired during the quarter, adding total annual sales of around SEK 330 million with good profitability. The acquisition climate remains favourable and our operational- and ownership model continues to attract entrepreneurs, which is rapidly filling our pipeline with attractive acquisition candidates - both in the Nordic region and in new strategically selected markets. We have an ambitious acquisition strategy and given our strong financial position, with a historically low debt/equity ratio, we enjoy favourable conditions for continued value-generating acquisitions.

OUTLOOK

The uncertain international situation persists and despite variations in the market situation between different parts of the business, the outlook for the coming quarters is good. Our order book is well filled and we see continued high customer activity overall. The Group's broad exposure with many niche companies in attractive segments, including electrification, infrastructure and defence, provides stability and good growth opportunities even when sentiment is more cautious. This, combined with our ability to adapt quickly to changing market conditions, makes us well positioned for continued sustainable value generation.

Niklas Stenberg President and CEO

GROUP DEVELOPMENT

Sales development

Net sales in the Addtech Group during the period increased by 7 percent to 5,839 SEK million (5,438). The organic growth amounted to 1 percent and acquired growth amounted to 10 percent. Exchange rate changes affected net sales negatively with 4 percent, corresponding to SEK 185 million.

Profit development

EBITA for period amounted to SEK 922 million (831), representing an increase of 11 percent. Operating profit increased during the period by 10 percent to SEK 786 million (713) and the operating margin amounted to 13.5 percent (13.1). Net financial items were SEK -58 million (-69) and profit after financial items increased by 13 percent to SEK 728 million (644).

Profit after tax for the period increased by 13 percent to SEK 562 million (495) and the effective tax rate amounted to 23 percent (23). Earnings per share before/after dilution for the period amounted to SEK 2.00 (1.80). For the latest twelve month period, earnings per share before/after dilution amounted to SEK 7.20 (6.45).

Net sales and EBITA margin, rolling 12 months

DEVELOPMENT IN THE BUSINESS AREAS

AUTOMATION

Net sales in Automation amounted to SEK 855 million (910) and EBITA amounted to SEK 87 million (117).

Market

Overall, the business situation was weak for the Automation business area in the first quarter of the financial year. The weak sales trend had a negative impact on earnings and the operating margin. The overall market situation was favourable but varied between the different market segments. Demand was stable for companies active in the energy, engineering and process industries, while it was weaker in medical technology and strong in defence.

ELECTRIFICATION

Net sales in Electrification increased by 1 percent to SEK 1,130 million (1,119) and EBITA increased by 3 percent to SEK 155 million (150).

Market

Overall, the Electrification business area had a stable first quarter in terms of both demand and sales. The market situation was weak in energy, engineering and electronics, stable in special vehicles, and good in medical technology and defence.

ENERGY

Net sales in Energy increased by 21 percent to SEK 1,769 million (1,459) and EBITA increased by 42 percent to SEK 300 million (212).

Market

The Energy business area enjoyed good market conditions and very good sales growth in the quarter. The business situation for infrastructure products for the rebuilding and expansion of national and regional networks was very good, as were products and solutions for data halls. The market situation remained weak in building and installation, while it was good for niche products for electrical power distribution and traffic safety and stable for companies active in mechanical industry and wind power.

INDUSTRIAL SOLUTIONS

Net sales in Industrial Solutions increased by 15 percent to SEK 1,113 million (968) and EBITA increased by 14 percent to SEK 247 million (216).

Market

On the whole, the business situation for the Industrial Solutions business area was favourable in the first quarter. Sales were good, with acquisitions contributing to the positive trend. The market situation improved somewhat for the companies exposed to the forestry and sawmill industry, as well as for companies within special vehicles. Sales were good in subsea, as was the market situation for companies active in the engineering industry, while it was stable in waste and recycling. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 7 million.

PROCESS TECHNOLOGY

Net sales in Process Technology amounted to SEK 978 million (987) and EBITA increased by 1 percent to SEK 145 million (143).

Market

The market situation was favourable for the Process Technology business area as a whole and demand was good. Sales were stable overall, where postponed project deliveries were offset by favourable contributions from acquisitions. The market situation was favourable for the companies in the marine segment, medical technology and the process industry, mainly oil and gas, and improved in the forest industry. Demand was also stable in the energy and mechanical industries, while it was weak in special vehicles. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 11 million.

OTHER FINANCIAL INFORMATION

Profitability, financial position and cash flow

The return on equity at the end of the period was 29 percent (28) and return on capital employed was 22 percent (22). Return on working capital P/WC (EBITA in relation to working capital) amounted to 77 percent (71).

At the end of the period the equity ratio amounted to 41 percent (39). Equity per share, excluding non-controlling interest, totalled SEK 26.95 (24.30). The Group's net debt at the end of the period amounted to SEK 5,022 million (4,535), excluding pension liabilities of SEK 264 million (246). The net debt/equity ratio, calculated on the basis of net debt excluding provisions for pensions amounted to 0.6 (0.7).

Cash and cash equivalents consisting of cash and bank equivalents and approved but non-utilised credit facilities amounted to SEK 3,163 million (1,762) at 30 June 2025. During the period, additional credits totalling SEK 600 million were granted. As a result, Addtech had a total credit framework of SEK 6,400 million (4,800) as of 30 June 2025.

Cash flow from operating activities amounted to SEK 477 million (602) during the period. Company acquisitions and disposals including settlement of contingent consideration regarding acquisitions implemented in previous years amounted to SEK 258 million (445). Investments in non-current assets totalled SEK 35 million (76) and disposal of non-current assets amounted to SEK 1 million (13). Repurchase of call options amounted to SEK 2 million (10) and exercised call options totalled SEK 6 million (10).

Employees

At the end of the period, the number of employees was 4,585 compared to 4,470 at the beginning of the financial year. During the period, completed acquisitions resulted in an increase of the number of employees by 80. The average number of employees in the latest twelve month period was 4,427.

Ownership structure

At the end of the period the share capital amounted to SEK 51.1 million.

	Number of	Number of	Percentage of	Percentage of
Class of shares	shares	votes	capital	votes
Class A shares, 10 votes per share	12,864,384	128,643,840	4.7%	33.1%
Class B shares, 1 vote per share	259,929,600	259,929,600	95.3%	66.9%
Total number of shares before repurchases	272,793,984	388,573,440	100.0%	100.0%
Repurchased class B shares	-2,907,092		1.1%	0.7%
Total number of shares after repurchases	269,886,892

Addtech has three outstanding call option programmes for a total of 2,140,335 shares. Call options issued on repurchased shares entail a dilution effect of about 0.2 percent during the latest twelve month period. Addtech's own shareholdings fully meet the needs of the outstanding call option programmes.

Outstanding	Number of	Corresponding	Proportion of
programme	options	number of shares	total shares	Exercise price	Expiration period
2024/2028	639,925	639,925	0.2%	388.80	6 Sep 2027 - 9 Jun 2028
2023/2027	674,500	674,500	0.2%	221.00	7 Sep 2026 - 9 Jun 2027
2022/2026	825,910	825,910	0.3%	180.10	8 Sep 2025 - 10 Jun 2026
Total	2,140,335	2,140,335

Acquisitions and disposal

On 1 April, AMP Power Protection Ltd., Great Britain, was acquired to become part of the Electrification business area. AMP develops, supplies and supports rugged Uninterruptible Power Supplies (UPS) and Power Protection systems for harsh environments to the defence, marine and transport industries. The company has 20 employees and sales of around GBP 5 million.

On 1 April, 90 percent of the shares in Novatech Analytical Solutions Inc., Canada, was acquired to become part of the Process Technology business area. Novatech is a leading supplier of analytical instrumentation, engineered systems and services including the measurement of gases and liquids for process, environmental and ambient detection - primarily to Canadian customers within the process and energy segments. The company has 60 employees and sales of around CAD 34 million.

The purchase price allocation calculations for the acquisitions completed during the period 1 April - 30 June 2024 have now been finalised. No significant adjustments have been made to the calculations. Acquisitions completed as of the 2024/2025 financial year are distributed among the Group's business areas as follows:

			Net
		Acquired	sales,	Number of
Acquisitions 2024/2025	Closing	share, %	SEKm*	employees*	Business Area
Novomotec GmbH, Germany	April, 2024	100	80	9	Electrification
Cell Pack Solutions Ltd., Great Britain	April, 2024	90	75	30	Electrification
GoDrive AS, Norway	April, 2024	100	75	5	Industrial Solutions
Nuova Elettromeccanica Sud S.p.A., Italy	June, 2024	100	160	32	Energy
C. Gunnarssons Verkstads AB, Sweden	July, 2024	89	200	45	Industrial Solutions
Analytical Solutions and Products B.V.,
Netherlands	July, 2024	100	140	20	Process Technology
Romani Components S.r.l., Italy	July, 2024	80	125	23	Automation
PGS Tec GmbH, Germany	October, 2024	85	80	15	Process Technology
Unilite A/S, Denmark	November, 2024	100	325	78	Energy
Nanosystec GmbH, Germany	November, 2024	100	90	20	Electrification
Coel Motori S.r.l., Italy	January, 2025	100	90	24	Industrial Solutions
ROSHO Automotive Solutions GmbH,
Germany	February, 2025	80	150	24	Industrial Solutions
			Net
		Acquired	sales,	Number of
Acquisitions 2025/2026	Closing	share, %	SEKm*	employees*	Business Area
AMP Power Protection Ltd., Great Britain	April, 2025	100	70	20	Electrification
Novatech Analytical Solutions Inc., Canada	April, 2025	90	260	60	Process Technology

* Refers to assessed condition at the time of acquisition on a full-year basis.

All acquisitions which have taken effect during the period were completed on 1 April 2025, and have affected the Group's net sales by approximately SEK 85 million, SEK 10 million on operating profit and SEK 7 million on profit after tax for the period.

Addtech normally employs an acquisition structure comprising basic purchase consideration and contingent consideration. The outcome of contingent purchase considerations is determined by the future earnings reached by the companies and is subject to a fixed maximum level. Of considerations not yet paid for acquisitions during the period, the discounted value amounts to SEK 58 million. The contingent purchase considerations fall due for payment within two years and the outcome is subject to a maximum of SEK 66 million.

Transaction costs for acquisitions that resulted in an ownership transfer during the period amounted to SEK 7 million (10) and are reported under Selling expenses.

Revaluation of contingent consideration had a positive net effect of SEK 17 million (-6) during the period. The impact on profits is reported under Other operating income and Other operating expenses, respectively.

According to the preliminary acquisitions analyses, the assets and liabilities included in the acquisitions were as follows, during the period:

Fair value
SEKm	30 Jun 2025	30 Jun 2024
1) Intangible non-current assets	158	227
Other non-current assets	1	34
Inventories	31	87
Other current assets	100	203
Deferred tax liability/tax asset	-39	-60
Other liabilities	-88	-102
Acquired net assets	163	389
2) Goodwill	158	226
3) Non-controlling interests	-16	-20
4) Consideration	305	595
Less: cash and cash equivalents in acquired businesses	-35	-94
Less: consideration not yet paid	-59	-84
Effect on the Group's cash and cash equivalents	211	417

1) Intangible assets refer to goodwill related to acquired customer and supplier relationships.

2) Goodwill is justified by expected future sales trend and profitability as well as the personnel included in the acquired companies. 3)Non-controllinginterestshavebeenmeasuredatfairvalue,whichentailsthatgoodwillisalsoreportedfornon-controlling

interests.

4) The consideration is stated excluding transaction costs for the acquisitions.

Parent Company

Parent Company's net sales during the period amounted to SEK 29 million (28) and profit after financial items was SEK -18 million (2). Net investments in non-current assets were SEK 0 million (0). The Parent Company's financial net assets was SEK 831 million at the end of the period (571).

OTHER DISCLOSURES

Accounting policies

The interim report has been prepared in accordance with IFRS as adopted by the EU, with IAS 34 Interim Financial Reporting being applied. Apart from in the financial statements and their accompanying notes, disclosures in accordance with IAS 34.16A also appear in other parts of the interim report. The interim report for the Parent Company has been prepared in accordance with the Annual Accounts Act and the Securities Market Act, which is in accordance with the provisions of RFR 2 Accounting for Legal Entities.

In the interim report, the same accounting principles and bases of calculation have been applied as in the most recent annual report. There are no new IFRS or IFRIC pronouncements endorsed by the EU that are applicable for Addtech or that have a significant impact on the Group's result of operations and position in 2025/2026.

Alternative performance measures

The Company presents certain financial measures in the interim report that are not defined according to IFRS. The Company believes that these measures provide valuable supplemental information to investors and the Company's management as they allow for evaluation of trends and the Company's performance. Since all companies do not calculate financial measures in the same way, they are not always comparable to measures used by other companies. These financial measures should therefore not be considered to be a replacement for measurements as defined under IFRS. For definitions of the performance measures that Addtech uses, please see page 17-19. Reconciliation tables for alternative performance measures are available on the website www.addtech.com.

Risks and factors of uncertainty

Addtech's profit and financial position, as well as its strategic position, are affected by a number of internal factors under Addtech's control and by a number of external factors over which Addtech has limited influence. The risk factors of greatest significance to Addtech are the economic situation, or other events affecting the economy, such as the geopolitical situation, in combination with structural changes and the competitive situation.

Please see section Risks and risk management (page 33-35) in the annual report for 2024/2025 for further details.

The Parent Company is indirectly affected by the above risks and uncertainty factors due to its role in the organisation.

Transactions with related parties

No transactions between Addtech and related parties that have significantly affected the Group's or the parent company's position and its earnings have taken place during the period.

Seasonal effects

Addtech's sales of high-tech products and solutions in the manufacturing industry and infrastructure are not subject to major seasonal variations. The number of production days and customers' demand and willingness to invest can vary over the quarters.

Events after the end of the period

No events requiring reporting have occurred after the end of the period.

Stockholm July 15, 2025

Niklas Stenberg President and CEO

This report has not been subject to review by the company's auditor.

FURTHER INFORMATION

Publication

This information is information that Addtech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 8.15 a.m. CET on 15 July 2025.

Future information

2025-08-27 Annual General Meeting 2025 will be held at IVA, Grev Turegatan 16, Stockholm at 4.00 p.m. 2025-10-23 Interim report 1 April - 30 September 2025 2026-02-05 Interim report 1 April - 31 December 2025 2026-05-20 Year-end report 1 April 2025 - 31 March 2026

For further information, please contact:

Niklas Stenberg, President and CEO, +46 8 470 49 00 Malin Enarson, CFO, +46 705 979 473

BUSINESS AREA

Net sales by business area	2025/2026	2024/2025
Quarterly data, SEKm	Q1	Q4	Q3	Q2	Q1
Automation	855	930	920	837	910
Electrification	1,130	1,159	1,072	1,069	1,119
Energy	1,769	1,637	1,599	1,452	1,459
Industrial Solutions	1,113	1,042	968	847	968
Process Technology	978	991	930	929	987
Group items	-6	-9	-8	-7	-5
Addtech Group	5,839	5,750	5,481	5,127	5,438

EBITA by business area	2025/2026		2024/2025
Quarterly data, SEKm	Q1	Q4	Q3	Q2	Q1
Automation	87	106	105	100	117
Electrification	155	157	129	141	150
Energy	300	264	245	214	212
Industrial Solutions	247	208	195	179	216
Process Technology	145	155	122	135	143
Group items	-12	-10	-6	-5	-7
EBITA	922	880	790	764	831
Depr. of intangible non-current assets	-136	-137	-129	-124	-118
– of which acquisitions	-128	-127	-121	-116	-111
Operating profit	786	743	661	640	713

Net sales		3 months		Rolling 12 months
SEKm	30 Jun 2025	30 Jun 2024	30 Jun 2025	31 Mar 2025
Automation	855	910	3,542	3,597
Electrification	1,130	1,119	4,430	4,419
Energy	1,769	1,459	6,457	6,147
Industrial Solutions	1,113	968	3,970	3,825
Process Technology	978	987	3,828	3,837
Group items	-6	-5	-30	-29
Addtech Group	5,839	5,438	22,197	21,796

EBITA and EBITA-margin	3 months				Rolling 12 months
	30 Jun 2025		30 Jun 2024		30 Jun 2025			31 Mar 2025
	SEKm	%	SEKm	%	SEKm	%	SEKm	%
Automation	87	10.2	117	12.9	398	11.2	428	11.9
Electrification	155	13.7	150	13.4	582	13.1	577	13.1
Energy	300	17.0	212	14.5	1,023	15.8	935	15.2
Industrial Solutions	247	22.2	216	22.4	829	20.9	798	20.9
Process Technology	145	14.8	143	14.5	557	14.6	555	14.5
Group items	-12		-7		-33		-28
EBITA	922	15.8	831	15.3	3,356	15.1	3,265	15.0
Depr. of intangible non
current assets	-136		-118		-526		-508
– of which acquisitions	-128		-111		-492		-475
Operating profit	786	13.5	713	13.1	2,830	12.7	2,757	12.6

DISAGGREGATION OF REVENUE

Net sales by the customer's				3 months
geographical location				30 Jun 2025
				Industrial	Process	Group	Addtech
SEKm	Automation	Electrification	Energy	Solutions	Technology	items	Group
Sweden	244	322	433	391	161	-	1,551
Denmark	144	82	315	13	172	-	726
Finland	126	106	116	194	86	-	628
Norway	63	88	276	83	146	-	656
Germany	48	239	70	23	61	-	441
Great Britain	3	42	172	75	57	-	349
Other Europe	196	172	252	155	177	-	952
Other countries	29	78	134	178	117	-	536
Group items	2	1	1	1	1	-6	-
Total	855	1,130	1,769	1,113	978	-6	5,839
Net sales by the customer's				3 months

Net sales by the customer's

geographical location				30 Jun 2024
				Industrial	Process	Group	Addtech
SEKm	Automation	Electrification	Energy	Solutions	Technology	items	Group
Sweden	243	313	348	321	191	-	1,416
Denmark	165	88	224	9	158	0	644
Finland	153	116	106	177	111	0	663
Norway	65	99	270	86	148	-	668
Germany	42	238	67	42	65	-	454
Great Britain	5	25	147	37	68	-	282
Other Europe	201	186	191	144	146	-	868
Other countries	35	54	105	151	98	-	443
Group items	1	0	1	1	2	-5	-
Total	910	1,119	1,459	968	987	-5	5,438
				3 months

Net sales per customer's segment

Net sales per customer's segment

30 Jun 2025 SEKm Automation Electrification Energy Industrial Solutions Process Technology Group items Addtech Group Building & Installation 42 94 292 31 15 - 474 Data & Telecommunications 18 36 162 1 0 - 217 Electronics 42 262 61 4 4 - 373 Energy 54 142 858 26 173 - 1,253 Vehicles 53 159 17 358 36 - 623 Medical technology 112 159 14 4 88 - 377 Mechanical industry 238 112 117 131 79 - 677 Forestry & Process 102 9 40 356 389 - 896 Transport 35 19 108 90 155 - 407 Other 157 137 99 111 38 - 542 Group items 2 1 1 1 1 -6 - Total 855 1,130 1,769 1,113 978 -6 5,839

3 months 30 Jun 2024

				Industrial	Process	Group	Addtech
SEKm	Automation	Electrification	Energy	Solutions	Technology	items	Group
Building & Installation	39	72	292	26	16	-	445
Data & Telecommunications	31	46	113	0	1	-	191
Electronics	58	283	50	3	4	0	398
Energy	45	163	666	11	180	-	1,065
Vehicles	61	159	16	341	50	-	627
Medical technology	141	122	9	5	63	-	340
Mechanical industry	250	118	84	98	122	-	672
Forestry & Process	116	14	33	322	343	-	828
Transport	31	23	111	63	152	-	380
Other	137	119	84	98	54	0	492
Group items	1	0	1	1	2	-5	-
Total	910	1,119	1,459	968	987	-5	5,438

CONSOLIDATED INCOME STATEMENT, CONDENSED

		3 months	Rolling 12 months
SEKm	30 Jun 2025	30 Jun 2024	30 Jun 2025	31 Mar 2025
Net sales	5,839	5,438	22,197	21,796
Cost of sales	-3,930	-3,678	-15,056	-14,804
Gross profit	1,909	1,760	7,141	6,992
Selling expenses	-833	-795	-3,234	-3,196
Administrative expenses	-291	-258	-1,123	-1,090
Other operating income and expenses	1	6	46	51
Operating profit	786	713	2,830	2,757
% of sales net as -	13.5	13.1	12.7	12.6
Financial income and expenses	-58	-69	-231	-242
Profit after financial items	728	644	2,599	2,515
% of sales net as -	12.5	11.8	11.7	11.5
Income tax expense	-166	-149	-592	-575
Profit for the period	562	495	2,007	1,940
Profit for the period attributable to:
Equity holders of the Parent Company	544	480	1,956	1,892
Non-controlling interests	18	15	51	48
Earnings per share after tax before dilution, SEK	2.00	1.80	7.20	7.00
Earnings per share after tax after dilution, SEK	2.00	1.80	7.20	7.00
Average number of shares after repurchases, '000s	269,866	269,806	269,844	269,829
Number of shares at end of the period, '000s	269,887	269,809	269,887	269,862

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME, CONDENSED

		3 months	Rolling 12 months
SEKm	30 Jun 2025	30 Jun 2024	30 Jun 2025	31 Mar 2025
Profit for the period	562	495	2,007	1,940
Items that later be reversed in the income statement may
The period's translation differences when translating
foreign operations	152	-61	-263	-476
Items that be reversed in the income not statement may
Revaluations of defined-benefit pension plans	-	-	-19	-19
Other comprehensive income	152	-61	-282	-495
Comprehensive income for the period	714	434	1,725	1,445
Total comprehensive income attributable to:
Equity holders of the Parent Company	690	421	1,683	1,414
Non-controlling interests	24	13	42	31

CONSOLIDATED BALANCE SHEET, CONDENSED

SEKm	30 Jun 2025	30 Jun 2024	31 Mar 2025
Assets
Non-current assets
Goodwill	5,749	4,922	5,527
Other intangible non-current assets	3,252	2,870	3,182
Property, plant and equipment	1,462	1,404	1,447
Other non-current assets	76	74	79
Total non-current assets	10,539	9,270	10,235
Current assets
Inventories	3,339	3,165	3,260
Current receivables	4,099	4,112	3,850
Cash and cash equivalents	1,023	1,129	1,168
Total current assets	8,461	8,406	8,278
Total assets	19,000	17,676	18,513
Equity and liabilities
Equity
Equity attributable to Parent Company shareholders	7,277	6,559	6,627
Non-controlling interests	473	340	436
Total equity	7,750	6,899	7,063
Liabilities
Non-current liabilities
Non-current interest-bearing liabilities	4,760	4,465	4,902
Provisions for pensions	264	246	262
Deferred tax liabilities	941	798	924
Non-current non-interest-bearing liabilities	25	24	37
Total non-current liabilities	5,990	5,533	6,125
Current liabilities
Current interest-bearing liabilities	1,285	1,199	1,284
Current non-interest-bearing liabilities	3,792	3,921	3,871
Provisions	183	124	170
Total current liabilities	5,260	5,244	5,325
Total liabilities	11,250	10,777	11,450
Total equity and liabilities	19,000	17,676	18,513

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY, CONDENSED

SEKm	1 Apr - 30 Jun 2025			1 Apr - 30 Jun 2024			1 Apr 2024 - 31 Mar 2025
		Non			Non			Non
	Parent	control		Parent	control		Parent	control
	Company	ling	Total	Company	ling	Total	Company	ling	Total
	shareholders	interests	equity	shareholders	interests	equity	shareholders	interests	equity
Opening balance	6,627	436	7,063	5,974	504	6,478	5,974	504	6,478
Exercised, issued and
repurchased options	4	-	4	0	-	0	-34	-	-34
Dividend, ordinary	-	-	-	-	-	-	-755	-33	-788
Change, non-controlling
interests	-10	13	3	197	-177	20	229	-66	163
Option debt,
acquisition	-34	-	-34	-33	-	-33	-201	-	-201
Total comprehensive
income	690	24	714	421	13	434	1,414	31	1,445
Closing balance	7,277	473	7,750	6,559	340	6,899	6,627	436	7,063

CONSOLIDATED CASH FLOW STATEMENT, CONDENSED

		3 months	Rolling 12 months
SEKm	30 jun 2025	30 jun 2024	30 jun 2025	31 mar 2025
Operating activities
Profit after financial items	728	644	2,599	2,515
Adjustment for items not included in cash flow	257	251	966	960
Income tax paid	-175	-77	-800	-702
Cash flow from operating activities before changes
in working capital	810	818	2,765	2,773
Changes in working capital	-333	-216	-181	-64
Cash flow from operating activities	477	602	2,584	2,709
Investing activities
Net investments in non-current assets	-34	-63	-167	-196
Acquisitions and disposals	-258	-445	-1,415	-1,602
Cash flow from investing activities	-292	-508	-1,582	-1,798
Financing activities
Dividend paid to Parent Company shareholders	-	-	-755	-755
Repurchase of own shares/change of options	4	0	-30	-34
Other financing activities	-344	244	-273	315
Cash flow from financing activities	-340	244	-1,058	-474
Cash flow for the period	-155	338	-56	437
Cash and cash equivalents at beginning of period	1,168	798	1,129	798
Exchange differences in cash and cash equivalents	10	-7	-50	-67
Cash and cash equivalents at end of period	1,023	1,129	1,023	1,168

FAIR VALUES ON FINANCIAL INSTRUMENTS

	30 Jun 2025			31 Mar 2025
	Carrying			Carrying
SEKm	amount	Level 2	Level 3	amount	Level 2	Level 3
Derivatives - fair value through profit	6	6	-	10	10	-
Total financial assets at fair value per level	6	6	-	10	10	-
Derivatives - fair value through profit	14	14	-	14	14	-
Contingent considerations - fair value through profit	462	-	462	451	-	451
Total financial liabilities at fair value per level	476	14	462	465	14	451

The fair value and carrying amount are recognised in the balance sheet as shown in the table above. For quoted securities, the fair value is determined on the basis of the asset's quoted price in an active market, level 1. As of the reporting date the Group had no items in this category.

For currency contracts and embedded derivatives, the fair value is determined on the basis of observable market data, level 2. For contingent considerations, a cash-flow-based valuation is performed, which is not based on observable market data, level 3. For the Group's other financial assets and liabilities, fair value is estimated to be the same as the carrying amount.

Contingent considerations	30 Jun 2025	31 Mar 2025
Opening balance	451	360
Acquisitions during the year	57	231
Adjustments through profit or loss	-17	-11
Consideration paid	-33	-129
Interest expenses	4	19
Exchange differences	0	-19
Closing balance	462	451

KEY FINANCIAL INDICATORS

					12 månader t.o.m.
	30 jun 2025	31 mar 2025	30 jun 2024	31 mar 2024	31 mar 2023
Net sales, SEKm	22,197	21,796	20,368	20,019	18,714
EBITDA, SEKm	3,793	3,692	3,390	3,245	2,872
EBITA, SEKm	3,356	3,265	2,995	2,860	2,540
EBITA-margin, %	15.1	15.0	14.7	14.3	13.6
Operating profit, SEKm	2,830	2,757	2,544	2,426	2,167
Operating margin, %	12.7	12.6	12.5	12.1	11.6
Profit after financial items, SEKm	2,599	2,515	2,318	2,183	2,005
Profit for the period, SEKm	2,007	1,940	1,794	1,691	1,554
x
Working capital	4,363	4,312	4,246	4,219	3,855
Return on working capital (P/WC), %	77	76	71	68	66
Return on equity, %	29	29	28	28	32
Return on capital employed, %	22	22	22	22	22
Equity ratio, %	41	38	39	39	36
x
Financial debt, SEKm	5,286	5,280	4,781	4,668	4,325
Debt / equity ratio, multiple	0.7	0.7	0.7	0.7	0.8
Financial debt / EBITDA, multiple	1.4	1.4	1.4	1.4	1.5
Net debt excl. pensions, SEKm	5,022	5,018	4,535	4,427	4,107
Net debt, excl. pensions / equity ratio, multiple	0.6	0.7	0.7	0.7	0.7
Interest coverage ratio, multiple	10.3	9.6	8.9	8.7	13.7
x
Average number of employees	4,427	4,341	4,165	4,109	3,781
Number of employees at end of the period	4,585	4,470	4,239	4,175	3,911

KEY FINANCIAL INDICATORS PER SHARE

					12 months ending
SEK	30 Jun 2025	31 Mar 2025	30 Jun 2024	31 Mar 2024	31 Mar 2023
Earnings per share before dilution	7.20	7.00	6.45	6.05	5.55
Earnings per share after dilution	7.20	7.00	6.45	6.05	5.55
Cash flow from operating activities per share	9.60	10.05	9.75	9.55	7.10
Shareholders' equity per share, excl. non-controlling
interest	26.95	24.55	24.30	22.15	19.25
Share price at the end of the period	322.00	292.80	263.40	243.80	192.30
Average number of shares after repurchases, '000s	269,844	269,829	269,694	269,634	269,557
Average number of shares after repurchases adjusted
for dilution, '000s	270,392	270,332	269,817	269,761	269,723
Number of shares outstanding at end of the period,
'000s	269,887	269,862	269,809	269,779	269,565

For definitions of key financial indicators, see page 17-19.

PARENT COMPANY INCOME STATEMENT, CONDENSED

	3 months			Rolling 12 months
SEKm	30 Jun 2025	30 Jun 2024	30 Jun 2025	31 Mar 2025
Net sales	29	28	113	112
Administrative expenses	-41	-36	-145	-140
Operating profit/loss	-12	-8	-32	-28
Profit from participations in Group companies	-	-	800	800
Interest income and expenses and similar items	-6	10	18	34
Profit after financial items	-18	2	786	806
Appropriations	-	-	230	230
Profit before taxes	-18	2	1,016	1,036
Income tax expense	3	-1	-41	-45
Profit for the period	-15	1	975	991
Total comprehensive income	-15	1	975	991

PARENT COMPANY BALANCE SHEET, CONDENSED

SEKm	30 Jun 2025	30 Jun 2024	31 Mar 2025
Assets
Non-current assets
Intangible assets	0	0	0
Property, plant and equipment	0	0	0
Financial non-current assets	8,095	7,346	8,095
Total non-current assets	8,095	7,346	8,095
Current assets
Current receivables	1,018	1,190	1,448
Cash and bank balances	43	43	11
Total current assets	1,061	1,233	1,459
Total assets	9,156	8,579	9,554
Equity and liabilities
Equity
Restricted equity	69	69	69
Unrestricted equity	1,432	1,242	1,443
Total equity	1,501	1,311	1,512
Untaxed reserves	350	374	350
Provisions
Provisions for pensions and similar obligations	13	14	13
Liabilities
Non-current liabilities	4,208	3,970	4,287
Current liabilities	3,084	2,910	3,392
Total equity and liabilities	9,156	8,579	9,554

DEFINITIONS

Return on equity¹ ²

Earnings after tax divided by equity. The components are calculated as the average of the last 12 months. Return on equity measures the return generated on owners' invested capital.

Return on working capital (P/WC)¹

EBITA divided by working capital.

P/WC is used to analyse profitability and is a measure that encourages high EBITA and low working capital requirements.

Return on capital employed¹

Profit after financial items plus financial expenses as a percentage of capital employed. The components are calculated as the average of the last 12 months.

Return on capital employed shows the Group's profitability in relation to externally financed capital and equity.

EBITA¹

Operating profit before amortisation of intangible assets. EBITA is used to analyse the profitability generated by operating activities.

EBITA-margin¹

EBITA as a percentage of net sales. EBITA-margin is used to show the degree of profitability in operating activities.

EBITDA¹

Operating profit before depreciation and amortisation. EBITDA is used to analyse the profitability generated by operating activities.

Equity per share, excluding non-controlling interest¹

Equity excluding non-controlling interest divided by number of shares outstanding at the reporting period's end. This measures how much equity is attributable to each share and is published to make it easier for investors to conduct analyses and make decisions.

Financial net debt¹

The net of interest-bearing debt and provisions minus cash and cash equivalents.

Net debt is used to monitor changes in debt, analyse the Group indebtedness and its ability to repay its debts using liquidfunds generated from the Group's operating activities if all debt fell due for repayment today and any necessary refinancing.

Financial net debt/EBITDA¹

Net financial debt divided by EBTIDA.

Net financial debt compared with EBITDA provides a performance measure for net debt in relation to cash-generating earnings in the business, i.e. it gives an indication of the business' ability to repay its debts. This measure is generallyused by financial institutions to measure creditworthiness.

Financial items¹

Financial income minus financial costs. Used to describe changes in the Group's financial activities.

Acquired growth¹

Changes in net sales attributable to business acquisitions compared with the same period last year. Acquired growth is used as a component to describe the change in consolidated net sales in which acquired growth isdistinguished from organic growth, divestments and exchange rate effects.

Cash flow from operating activities per share¹

Cash flow from operating activities, divided by the average number of outstanding shares after repurchase. This measure is used so investors can easily analyse the size of the surplus generated per share from operating activities.

Net investments in non-current assets¹

Investments in non-current assets minus sales of non-current assets.

This measure is used to analyse the Group's investments in renewing and developing property, plant and equipment.

Net debt excluding pensions¹

The net of interest-bearing debt and provisions excluding pensions minus cash and cash equivalents. A measure used to analyse financial risk.

Net debt excluding pensions/ equity ratio¹ ²

Net debt excluding pensions divided by shareholders' equity.

A measure used to analyse financial risk.

Organic growth¹

Changes in net sales excluding currency effects, acquisitions and divestments compared with the same period last year. Organic growth is used to analyse underlying sales growth driven by change in volumes, product range and price for similar products between different periods.

Profit after financial items¹

Profit/loss for the period before tax. Used to analyse the business' profitability including financial activities.

Earnings per share (EPS)

Shareholders' share of profit for the period after tax, divided by the weighted average number of shares during the period.

Earnings per share (EPS), diluted

Shareholders' share of profit for the period after tax, divided by the weighted average number of shares during the period, adjusted for the additional number of shares in the event of outstanding options being used.

Interest coverage ratio¹

Earnings after net financial items plus interest expenses and bank charges divided by interest expenses and bank charges.

This performance indicator measures the Group's capacity through its business operations and financial income togenerate a sufficiently large surplus to cover its financial costs.

Working capital¹

Working capital (WC) is measured through an annual average defined as inventories plus accounts receivable less accounts payable.

Working capital is used to analyse how much working capital is tied up in the business.

Operating margin¹

Operating profit as a percentage of net sales.

This measure is used to specify the percentage of sales that is left to cover interest and tax, and to provide a profit, after the company's costs have been paid.

Operating profit¹

Operating income minus operating expenses. Used to describe the Group's earnings before interest and tax.

Debt/equity ratio¹ ²

Financial net liabilities divided by equity. A measure used to analyse financial risk.

Equity ratio¹ ²

Equity as a percentage of total assets. The equity/assets ratio is used to analyse financial risk and show the percentage of assets that are funded with equity.

Capital employed¹

Total assets minus non-interest-bearing liabilities and provisions.

Capital employed shows the size of the company's assets that have been lent out by the company's owners or that havebeen lent out by lenders.

Outstanding shares

Total number of shares less treasury shares repurchased by the Company.

Profit margin 1

Profit after financial items as a percentage of net sales.

The profit margin illustrates how much profit the company generates on each SEK in sales after all costs includingfinancial expenses have been paid.

¹The performance measure is an alternative performance measure according to ESMA's guidelines. ²Minority interest is included in equity when the performance measures are calculated.

This is Addtech

Addtech is a Swedish, listed technical solutions group that combines the flexibility and speed of a small company with the resources of a large company. We acquire, own and develop independent subsidiaries that sell various high-tech products and solutions to customers, primarily within the manufacturing industry and infrastructure. With in-depth expertise in a number of different niches, our subsidiaries generate added technical, financial and sustainable value for customers and suppliers alike, thus helping increase the efficiency and competitiveness of all involved. We currently own more than 150 companies in about 20 countries, and have a long history of sustainable, profitable growth.

Our vision

We are to be the leader in value-creating technical solutions for a sustainable tomorrow, perceived as the most skilled and long-term partner of our customers, suppliers and employees.

Business concept in brief

Addtech offers high-tech products and solutions for companies in the manufacturing and infrastructure sectors. Addtech contributes with added technical and financial value by being a skilled and professional partner for customers and manufacturers.

We build shareholder value through:

• our 150 subsidiaries and their capacity to generate earnings growth
• corporate governance that ensures the companies achieve even better results and development
• acquisitions that bring in new employees, customers and suppliers

ADDTECH AB (PUBL.) Org.nr: 556302-9726, Box 5112, 102 43 Stockholm, Visiting address: Birger Jarlsgatan 43 Tel: +46 8 470 49 00, info@addtech.com